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/biz/ - Business & Finance


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54008459 No.54008459 [Reply] [Original]

>> No.54008470

If you don't have all your shit in a credit union by now, you kinda asking for it NGL.

>> No.54008501

>>54008459
>>54008470
I have like $10k in the bank and $400k in shitcoins is that safe?

>> No.54008515

>>54008501
the FDIC insures your bank account up to 250,000USD. as long as you have less than that in your savings you'll be reimbursed if your bank fails.

>> No.54008518

>>54008470
>>54008501
A chart like that is pretty indicative that hard assets are the only safe haven at this point

>> No.54008524

>>54008515
>believing this shit unironically

>> No.54008527

>>54008470
>>54008501

Silvergate was really small and only had a few clients, the problem is credit suisse they been hiding something there since mid last year.

Biz knows but nobody knows what they are hiding.

Except that the fed quietly started to pump money to Switzerland last year.

Report is delayed by the SEC.
It's so bad they don't know how to break it to the public.
China is about to fucking destroy our economy before we even go to war.
US banks are not the safe haven they used to be.
We are so fucking fucked.

>> No.54008535

>>54008515
does the FDIC insure against a bail-in?

>> No.54008543

>>54008527
i made the post on pol of the first 3 lines, but not the second part.

The Credit Suisse thing is weird because they started to give them liquidity under the radar last year.

But nobody knows what the fuck broke there

>> No.54008544

>>54008515
>FDIC
the naitivity of you newfags

>> No.54008550

I have 100k in wealth front. 40k in wells Fargo. 150k in vanguard. What am I supposed to do request a bunch of 100 dollar bills? Legitimately don't know if I believe FDIC 250K

>> No.54008551

>>54008459
I smoke dicks

>> No.54008553

>>54008527
China isn't looking strong either. Honestly we should just nuke them.

Get them out of the equation fast.

>> No.54008554

>>54008524
this. I researched insurance after I learned how little money actually exists for clients. In the case of something like Coinbase Institutional, there is like $100 million on hand for billions and billions in assets. If these banks go belly up, no one is getting paid what they're owed

>> No.54008567

>>54008459
Inciting a bank-run is illegal anon.

>> No.54008572

>>54008524
they've been doing it since 1933. their reimbursement fund is made up of insurance dues from the 5,526 banks it insures. if the fund is exhausted they will borrow from the federal government to make up the difference. it only did this once, in 1990 and fully repaid its debt to the government in 3 years.
>since 1933 no FDIC insured account holder has lost a single penny of their deposits.
It may well be the most successful government program in US history.

>> No.54008576

>>54008553
>China isn't looking strong either.
china has never looked good.

>> No.54008589

>>54008567
It's the 1772 Credit Crisis all over again, no-one gives a FUCK about your views on bank runs are.

>> No.54008596

>>54008589
I was being sarcastic, I don’t put any money in banks.

>> No.54008600

>>54008572
The FDIC will pay out all right, in CBDC.

>> No.54008602

>>54008596
I see, good sir. Carry on.

>> No.54008605
File: 523 KB, 598x692, pep.png [View same] [iqdb] [saucenao] [google]
54008605

>>54008515
get the fuck out of here, you misinfo-spreading plebbitor

>> No.54008618
File: 164 KB, 994x1024, 1653338672006.jpg [View same] [iqdb] [saucenao] [google]
54008618

>>54008576
yup, they have been covering up evergrande, that's still a big big thing.

Dying populace, covid is absolutely fucking them.

Younger generation wants no part of the job market, isn't interested in working over 90 hours a week.

The older generation are on the way out.

Yeah China is in no spot to fling shit, they've been stagnating for a while.

Hopefully it just gets so bad between them and the jeets that they take care of it on their end.

>> No.54008623

>>54008600
This is it. This is how theyre gonna make everyone go digital currency. "Paying back" what was lost. Theyre fucking genius

>> No.54008628
File: 493 KB, 1079x1080, 2BE38E30-8E6B-4F09-85C2-25948A87C0BC.png [View same] [iqdb] [saucenao] [google]
54008628

>>54008602
You too anon, I tip my hat to you. Also fuck Jews.

>> No.54008632

>>54008524
If you don't think the banks with insurance with a direct line to the Fed will be fine than everything is worth zero at that point anyways

>> No.54008636

>>54008515
lmao imagine believing that banks have enough money to cover your asses. It has repeatedly happened time and time again, banks do not have money.

>> No.54008672

This makes me happy that I have so many hard assets, paid off debt and moved to a credit union. I bought food and water to last years and my own well. If it wasn't for the golden nuggets on this board I would never have put two and two together.

>> No.54008674
File: 475 KB, 512x640, 1577498637702.png [View same] [iqdb] [saucenao] [google]
54008674

So much doom and gloom shitposting all week. I wonder who is behind this?

>> No.54008681

>>54008632
When Russia defaulted in the 90's they had the same protections on deposits. The government still continues to extend the deadline every few years hoping people will die and forget so they don't have to pay up. If you don't think the US government will do the exact same you're a retard. Just take money out any buy actual goods and commodities with it, those aren't going to zero.

>> No.54008682

>>54008515
ouch you didn't get the FDIC memo/leak? FDIC says you are fucked anyway and niggas getting bai led in.

>> No.54008690

>>54008672
>moved to a credit union
Why is a credit union safer than a bank?

>> No.54008713

>>54008600
Checked. Makes sense.

>> No.54008789

>>54008690
They have significantly less debt allocated towards them so they are less inclined to go under during a depression. Meanwhile banks were made to fail.

>> No.54008800

>>54008636
It's irrelevant if the bank cannot cover you, you are FDIC insured. The government literally has to print money and restore your account value if it comes to it.

>> No.54008806

>>54008636
>>54008682
>>54008524
>>54008535
>>54008544
Are you guys actually this young or just pretending to be retarded?

>> No.54008808

>>54008800
>has to
is this enforced by smart contract, or...

>> No.54008809

My bank isn't on that list.
What do I do?

>> No.54008817

>>54008789
Thanks.

>> No.54008825

>>54008808
https://www.fdic.gov/resources/consumers/consumer-news/2022-08.html
How fucking stupid are you kids?

>> No.54008832

>>54008806
HELLO GLOWIE

>> No.54008835

>>54008806
>>54008825
your maturity level isn't high enough for this conversation

>> No.54008837

>>54008789
How do I pick a good credit union?

>> No.54008853
File: 71 KB, 568x730, 1678236438253674.jpg [View same] [iqdb] [saucenao] [google]
54008853

>>54008806
>TRUST THE EXPERTS!!!!

>> No.54008862

>>54008837
I believe regional are mostly safe but nationwide credit unions like Navy Federal are really good. In Florida I used to have Suncoast Credit Union which is just an example of a regional credit union but almost all credit unions are better than the best banks.

>> No.54008882

>>54008806
What % of accounts can FDIC cover? After 08 congress made it so the FDIC has to cover bank derivatives, but did not increase FDIC funds.

>> No.54008885

>>54008806
The future is now old man.
https://www.youtube.com/watch?v=sdxTuc-GLMI

>> No.54008892

>>54008527
they're holding Achegos's bags, yet-to-be closed shorts and that sort of stuff.

>> No.54008915

>>54008681
You mean when the entire fucking country had just dissolved? Lmao

>> No.54008934

What's the fastest way to transfer funds between banks? Wire?

>> No.54009003

>>54008934
Most banks allow you to digitally transfer once you give the other routing number access to your separate banking institution.

>> No.54009023

>shitcoin bank folds
>Omg the system is collapsing

>> No.54009029

>>54009003
Isn't this an ACH transfer? These take a few days to settle.

>> No.54009064

>>54009029
Mine does it instantly between wells fargo and nfcu so I guess it depends on the bank policies

>> No.54009101

>>54009023
That was two days ago, a venture capital for tech went under today. Its dragging the big guys. Since the FDIC memo was months ago, many other banks are probably under and we don't know it yet. Crypto was always the excuse.

>> No.54009122

>>54009101
Tech startup bank was always at higher risk. It won’t effect the big boys to the point they default.

>> No.54009131

>>54008459
crypto will collapse way sooner than any legacy bank incel
enjoy your role as a Chainlink Community Advocate in the meantime

>> No.54009145

>>54008459
>my bank's not on there
wew

>> No.54009157

>>54008550
Lol… what a dumbass… take out half at least and buy gold. Sure you’ll get your money back but it’ll be worthless

>> No.54009158

>>54008674
These abstract merchants keep getting better and better.

>> No.54009174

>>54008892
Unironically GME. Those fucking schizos called the collapse early in 2021.

>> No.54009191

This thread is insane. Anons calmly pointing out obvious facts about the current state of banks and glowies/shills desperately doing damage control.

>> No.54009199

>>54008600
holy shit its genius

>> No.54009217

>>54008825
Where do you think the money's gonna come from? The fdic literally doesn't have it. Either the Fed would have to print even more money than they did during covid leading to way worse inflation or the average bank account holder gets the finger.

>> No.54009230

>>54009191
That means shit is more fucked than is currently public knowledge. Get out now.

>> No.54009313

>>54008459
are japanese banks safe?

>> No.54009361
File: 182 KB, 220x197, 1634405066899.gif [View same] [iqdb] [saucenao] [google]
54009361

>Dont buy BBBY thats a bankrupt project !
>Take a look at GME, buy that instead !

>Dont Buy Shib
>Buy Dogfuckcoininuexewgmi token

>> No.54009387

>>54009217
They will, inevitably. And it’ll buy us another year 3-4 years.

>> No.54009390

>>54009313
yes nip banks are pretty much safe from the western clown world contagion from what i understand

>> No.54009395

Since the creation of the FDIC, there have been many, many bank failures. Not one depositor has ever lost any money in those failures. If shit hits the fan so badly that the FDIC can't cover it, then it means you've got problems so big that fiat won't help you anyway.

>> No.54009438

>>54009395
the fdic has never existed during a 1929-style collapse, and the reserve requirements of the fdic have only moved in one direction (towards zero percent) the entire time its existed

>> No.54009451

>>54008600
Don’t blame them for pushing it, you crypto loving idiots are the reason the concept even exists. When they learned they couldn’t make all people hate it through social pressure alone they adopted it for their own personal use and since they have government backing theirs is actually worth something unlike your animal meme tokens.

>> No.54009467

>>54009064
Nitpicking here, but that's your bank/credit union lending you the money on good faith that the actual amount will settle. ACH still takes 3-5 days.
XRP fixes this issue.
>>54008934
Wire is the fastest banks currently offer.

>> No.54009500

>>54008862
I live in Florida I'll check them out.
My current bank is discover but I don't see them on OPs list

>> No.54009508

>>54009438
OK then, let's be doomcels, feverishly imagine totally historically-unprecedented scenarios, and take all of our money out of the banks on the off chance that our retard anti-fantasy will come true.

>> No.54009513

>>54008862
Tbh never had a problem with my banks. Are you in navy federal now?

>> No.54009527

>>54009508
>historically unprecedented
uh it happened in 1929 retard, that was less than a century ago.

>> No.54009532

>>54009513
I am but I'm also active duty so it makes more sense for me because they have some benefits for us. But any credit union is better than a bank

>> No.54009591

>>54009527
yes, in 1929, when society and the financial system were 100 years less advanced than what they are now. I'm not saying that disaster isn't coming, because it may be, but it's not going to play out in some predictable, expected way that can be planned for. I've been listening to doomtards mumbling about bank runs and financial collapse for literal decades now and TWO MORE WEEKS never comes. Not even during the chaos of 2008.

>> No.54009598

/pmg/ was right again

>> No.54009626

>>54008543
>>54008543
>The Credit Suisse thing is weird because they started to give them liquidity under the radar last year.

It is public though. It was Saudi National Bank (at the behest of the United States?)

>> No.54009663

>>54009591
you're not wrong however, we are starting to see the system buckling.

>> No.54009732

>>54009395
There's a video floating around where the FDIC is wargaming a crisis last year and they admitted they don't have the funds to cover deposited losses.

>> No.54009763

>>54008459
>DUDE EVERGRAND
>DUDE SVB
>BANKS ARE FUCKED!!!! WITHDRAW YOUR MONEY
>BANKS ARE ABOUT O COLLAPSE

nothing will happen

>> No.54009795

>>54008681
If you think that the equivalent of the fall of the Soviet Union is happening then it's concerning you're playing with moneys when you should be in a psychatric unit

>> No.54009840

>>54009532
I don't think I can join. Im non military nor military family

>> No.54010485

>>54009626
There were also CHF/USD swaps a while back.

>> No.54010513

>>54008885
>BOOM GOES THE DYNAMITE!

>> No.54010535

>>54008553
>China isn't looking strong either. Honestly we should just nuke them.

they have nukes too including nuclear armed subs.

>> No.54010901

>>54009191
Nah, it's just empty babble by retarded wanna be woke poltards. This is a literal nothingburger. A fucking venture capital bank, even if totally insolvent, doesnt mean anything, the bank itself was overvalued for what it was and the panic selling sets in, as no CFO wants to be the one that mismanaged funds and have that stain on their employment record for the rest of their career. This is not a systemic shock, no toxic collateral, nothing . The FED will provide some liquidity and all will be well and this Silicuck valley bank will be bought out by Goldman Sachs for pennies on the dollar because the only issue is that they have braindead execs who dont know how to fucking talk to the public.
But keep pretending that there are "intelligent" anons here calmly pointing out "muh facts" about how everything is fake but crypto ponzis are real. I hate polniggers like you, who think that youre so woke and aloof about the state of things

>> No.54010928

>>54008882
so they will increase FDIC funds to cover it duh

>> No.54011006

Imagine naming your bank zion. Lol. Lmfao even

>> No.54011100
File: 3.77 MB, 348x550, WAGMI anon, all of us, and there's nothing they can do to stop the forces of destruction. Feel's good, doesn't it ;).gif [View same] [iqdb] [saucenao] [google]
54011100

>>54009174
Still calling it, GME is the thread that's gonna unravel the whole sweater.
>t. DRS'd since August '21, buying more today

>> No.54011265

>>54010901
based hopium dealer

>> No.54011273

>>54009598
We’re never wrong, just early

>> No.54011284

>>54008501
>400k in shitcoins
suuure, if youre not planning to cash them out somehow!

>> No.54011296

>>54008459
i guess the increasing rate of homeless americans are prostituting themselves for food now just to survive

>> No.54011298

>>54008459
>buy signal
thanks, anon

>> No.54011310

>>54008459
Is everyone on here 16?

>> No.54011327

>>54011310
I'm about as rich as I was when I was 16 ever since Biden took office

>> No.54011332

>>54011327
based

>> No.54011386

>>54011327
Trump shill detected.
Biden is bandaiding over trump's money creation and wreck less spend.

>> No.54011551
File: 542 KB, 1200x899, Congress. More like Cuckgress.jpg [View same] [iqdb] [saucenao] [google]
54011551

>>54011310
they're likely 26 and still this retarded. big bank stocks have always been shit. that's why they're always too big to fail. other smaller banks just survive off an accumulation of mergers

>> No.54011573

>>54008459
Got my money in crypto and using railway wallet. Stay off anon.

>> No.54011601

>>54008527
OK, Doomer

>> No.54011610

>>54009157
OK, Peter

>> No.54011615

>>54008515
FDIC is about to go bye bye retard
It never meant anything anyway. Straight up ponzi scheme

>> No.54011616
File: 1.05 MB, 1396x914, Biden inflation1.png [View same] [iqdb] [saucenao] [google]
54011616

>>54011386
This retardation is palpable

>> No.54011634

Meanwhile AMEX with HYSA at 3.5% APR just raised its dividend 15%.

>> No.54011643

>>54008459
Why? If FDIC fails, our economy is fucked and money is the least of your concerns.

>> No.54011648

>>54008459
Thank fuck my wealth is stored cum rocket doggystyle inu pregnant butt.

>> No.54011666

>>54009451
>cryptotards invented technological centralization

>> No.54011691

>>54009795
The US is literally on the verge of balkanizing kek

>> No.54011693

>>54010901
>the bank itself was overvalued for what it was

unlike any other bank of course

>> No.54011704

>>54008470
Credit unions just have accounts in regular banks

>> No.54011724

>>54009451
>you crypto loving idiots are the reason the concept even exists
Uh, crypto was a test run for cbdc.
Manufacturing consent, etc.

>> No.54011734

>>54010928
clown emoji

>> No.54011779

>>54008518
If these puds can't stand a 5% correction from time to time they best use their money for something else.

>> No.54012031
File: 5 KB, 775x775, chime-%22bank%22.png [View same] [iqdb] [saucenao] [google]
54012031

>>54008459
Should i move my funds into Chime?

>> No.54012113

I have half of my wealth in DBI, the rest in XMR.

Will I have any money in a few weeks?

>> No.54012218

>>54008674
This, what the fuck is happening? They actually want us to believe the world's ending.

>> No.54012490

>>54012218
who?

>> No.54012519

>>54012490
the jew

>> No.54012569

I will just do what my mom did in 2008. Not look at my finances for several years until it all grows back.

>> No.54012601

>>54008806
Popular finance is so intertwined with politics that everything is some schizo conspiracy by either the fed or the capitalists. It's an easy way to pretend you're an expert without actually having to learn things like stock valuation or how a bank works since you can just call everyone who disagrees with you a shill, capitalist, jew, etc. Unironically don't waste your time talking to normies (including /biz/) about finance.

>> No.54012682

>>54008459
you know some central place controls the price of these banks with a button right?

>> No.54012697
File: 46 KB, 894x548, 51HEoJY2uFL._AC_UF894,1000_QL80_.jpg [View same] [iqdb] [saucenao] [google]
54012697

>>54012682
Yeah, this feels like some wagging the dog shit desu senpai

>> No.54012719

>>54012113
Think Bigger

>> No.54012733

muh fucking coronavirus bank run, not listening this time

>> No.54012757

>>54008572
I’ve always wondered, so millionaires have to keep like ten different bank accounts to keep all their money insured?

>> No.54012803
File: 76 KB, 736x399, EVG8.png [View same] [iqdb] [saucenao] [google]
54012803

>>54008515
What they dont tell you is that we are headed into a hyperinflation and that 250k will be worth in a couple of years what 250 dollars is worth now.

>> No.54012878

>>54008515
>the FDIC insures your bank account up to 250,000USD
> you'll be reimbursed if your bank fails.
fucking absolute retard, that's only if one single bank fails

>> No.54012925

>>54008515
oh sweet summer child lol

>> No.54013036

>>54012803
Buy bitcoin.

>> No.54013057

>>54008515
why do all boomers take this at face value and for granted

>> No.54013294

Just withdrawed and put it all in DBI. Thank you based anon.

>> No.54013510
File: 624 KB, 1053x1389, Central Banks Buying Gold 4.png [View same] [iqdb] [saucenao] [google]
54013510

>>54013036
Or....Maybe what they are buying.

>> No.54013534
File: 54 KB, 600x600, 1667079482383742.jpg [View same] [iqdb] [saucenao] [google]
54013534

>>54008600
100% this

it's so fucking over

>> No.54013633

>>54008600
Bingo

>> No.54013637

>>54009217
>Where do you think the money's gonna come from?
They print it. The money can come from literally nowhere.
They have to do it because if they don't the entire global banking system would dissolve overnight. The sole reason anyone puts their money in a bank is FDIC. Trillions of dollars. Failing to honor that even one time completely undermines the whole banking system.
So if FDIC doesn't pull through, you can basically kiss industrialized civilization as you know it goodbye.

>> No.54013666

>>54008459
Sauce on the name of the chart's software or website that we see in the pic
plz

>> No.54014039

>>54008515
You forgot to post your le epic leddit cat.

>> No.54014106

>>54008459
banks are for poor people. I have like a couple grand in my account to pay my credit card bill every month.

>> No.54014266

>>54012803
>pay off my house with an hour's pay
awesome

>> No.54014273
File: 20 KB, 415x415, 1624288385629.jpg [View same] [iqdb] [saucenao] [google]
54014273

>>54012803
money supply went x2 since 2015 and is now shrinking.
This is why bank have issues.
Can you stop being retarded?
worst scenario prices go up 80%, and that's not realistic.

>> No.54014287
File: 53 KB, 166x205, 027979299.png [View same] [iqdb] [saucenao] [google]
54014287

>>54008459
HOW IS IT THAT FUCKING MEMECOINS HAVE MORE STABILITY THAN THE WHOLE STOCK MARKET?
(VINU, DOGE, SHIB) How are these pieces of shit much more stable than real stocks bros

>> No.54014299

>>54008515

Bruh. $250k ain't shit when the dollar ain't worth shit.

>> No.54014323

>>54011615
So is the dollar.

>> No.54014519
File: 250 KB, 1066x600, 1678395048549993.gif [View same] [iqdb] [saucenao] [google]
54014519

So will US citizens face any problems because of this?
Also does this bank only give money to companies?
And why is this happening?

>> No.54014544

>>54008515
lol

>> No.54014730
File: 25 KB, 300x245, 1648434531453.jpg [View same] [iqdb] [saucenao] [google]
54014730

>>54008459
if you've been here more than 2 weeks you realize there are some dedicated groups who come on here and post in a coordinated way. what's the catalyst that suddenly every mongolian basket weaver at the exact same instantly decides
>lets doompost this is finally it we must warn the people!
just bought

>> No.54014774

>>54013637
>>54009217
>>54008825
>>54008800
>>54008636
>>54008515
Yet we have 2 scenarios:
Feds print
>Customers get money
>Customer gives banks the finger
>Customer only can store it at home
>Or on a system, deliberately designed to fuck banks, the BTC
>Banks go belly up nonetheless
>Banks buy 1 year to change their systems thin out their systems through smart contracts.

Feds don't print:
>Customers money goes to 0
>People without income now completely homeless
>Banks have no time to rework their structure, go completely broke
>Tech companies lay off people, since CS is invested in literally everything
>Customers with income now completely fed up with banks
>Store money at home or again, the BTC

So either way, the BTC is at the moment the safest bet still?

>> No.54015028

>>54014287
>HOW IS IT THAT FUCKING MEMECOINS HAVE MORE STABILITY THAN THE WHOLE STOCK MARKET?
hedge funds aren't investing in them

>> No.54015551

>>54008515
Dude money is fucking fake

>> No.54015580

>>54008515
That's for jews only

>> No.54015589

>>54008515
Let me share an old joke from Weimar Germany.

>I'd like to deposit 100,000 Reichsmark with you. Is it safe?
Of course, Mister. It's insured by our banking association.
>And if the banking association fails?
Then the Reich government will pay for it.
>And if the government fails?
Well, that should be worth 100,000 Reichsmark to you.

Enjoy the show.

>> No.54015617
File: 11 KB, 205x246, 1579663595615.jpg [View same] [iqdb] [saucenao] [google]
54015617

>>54008600

>> No.54015651

some banks will survive kek

>> No.54015667

kek I let my account go negative months ago
let it sneed

>> No.54015669

>>54008515
HAHAHAHAHHAHAHA

>> No.54015679

>>54008527
post proof or stfu

>> No.54015704

>>54014730

I just ask people to show their statements and low and behold none of the people posting that shit actually trade anything.

>> No.54015707

>>54008527
>China is about to fucking destroy our economy before we even go to war.
Why shouldn't they? The US is on the path to directly confront them otherwise

>> No.54015941

>>54013637
russia wins, nigger

>> No.54015958
File: 1.78 MB, 800x450, 1673559183645363.webm [View same] [iqdb] [saucenao] [google]
54015958

>>54008459
Nothing will happen. Life will go on. You will continue to slave away for your masters. Society will not collapse and you will never be free from the system.

>> No.54015979

>>54008459
Meh. The gov ensures me that the FDIC will cover me if something happens.

>> No.54015993

>>54015979
Oh dear god

>> No.54016038
File: 560 KB, 448x512, 1678305717328079.png [View same] [iqdb] [saucenao] [google]
54016038

>>54008459
Woah all banks in the red? Couldn't be...

>> No.54016066

bullish for btc

>> No.54016349
File: 697 KB, 267x200, E7BE6AEA-260E-40DE-B1AD-BBF66C128353.gif [View same] [iqdb] [saucenao] [google]
54016349

>>54008459
>46.34%

>> No.54016526

>>54014273
this

>> No.54017021

>>54016038
this guy gets it
some are green

>> No.54017134
File: 1.03 MB, 900x691, mt.png [View same] [iqdb] [saucenao] [google]
54017134

>>54011386
Biden continued the spending of Trump, who was continuing the spending of Obama, who continued the spending of Bush, who continued...gee it's almost as if the D or R next to a politician's name is meaningless and both sides are contributing to the unnecessary bloat of the federal government.
If time traveling is possible, FDR is the first one that has to go.

>> No.54017230

BUY BITCOIN NOW
>BUY BITCOIN NOW
BUY BITCOIN NOW
>BUY BITCOIN NOW
BUY BITCOIN NOW
>BUY BITCOIN NOW

>>54015979
THE FDIC DOESNT HAVE THE FUNDS TO COVER SVB. THE ENTIRE SYSTEM IS COLLAPSING. BUY BITCOIN NOW

>> No.54017291

>>54014774
You forgot riot and kill all politicians under
>Feds don't print:

>> No.54017363

>>54011386
I don't remember Trump pushing multiple trillion dollar climate change bills

>> No.54017394

>>54008459
Too late, spent it on satin ballerina shoes.

>> No.54017407

>>54017230
>FDIC, which fully covered IndyMac, WaMu, and Ally deposits, doesn't have money to cover SVB which isn't even a top 40 bank

Shut up, dumb nigger.

>> No.54017416

If my bank fails I think we’ll have much bigger problems so I’m not worried.
No it’s not one of the big 3 either

>> No.54017429

>>54008459
>Zions bancorporation

>> No.54017528

>>54017407
your maturity level isn't high enough for this conversation

>> No.54017579

>>54012757
millionares aren't retards like you who keep all their money in cash

>> No.54017801

>>54008459
not my problem.
>>54008470
based.

>> No.54017869

>>54008459
All this fake fearmongering intentionally trying to create public hysteria and tank markets should be considered illegal market tampering.

>> No.54017880
File: 956 KB, 320x180, mB_BM7.gif [View same] [iqdb] [saucenao] [google]
54017880

>>54008515

>> No.54017906

>>54013057
These boomers still think the Industrial Medical Complex cares about their health.

>> No.54017941

>>54017869
>2nd largest bank failure in U.S. history
>fake fearmongering

>> No.54017980

>>54014519
The US Government is fucking over the American people with its corrupt economic policy. Not some small "Silicon Valley Bank".

This is literally a campaign to redirect blame from Biden admin & Powell & Yellen and put it instead on some random shakedown so the elites can save face.

>> No.54017988

>>54008515
You just stole that from Heat you retard

>> No.54018019

>>54017941
>Second Largest Bank failure
An actually fake statistic.

>> No.54018026
File: 45 KB, 340x336, file.png [View same] [iqdb] [saucenao] [google]
54018026

LINK chads, is this our time?

>> No.54018059

>>54008515
They have 99 years to reimburse you though.

>> No.54018070
File: 3.66 MB, 640x640, 2FE850DA-35BE-4FF6-999B-5E92A3799B50.gif [View same] [iqdb] [saucenao] [google]
54018070

>>54008459

>> No.54018075

>>54017980
i see

>> No.54018138

>>54018026
time to provide more exit liquidity for sir gay

>> No.54018284

>>54008600
Kek those kikes are always like 10 steps ahead of us

>> No.54018548

Jokes on you. I live paycheque to paycheque.

>> No.54018587

bros...I work in invest sales...how fucked am I?

>> No.54018631

>>54011616
Someone needs to update this. specially after the fed raises rates again next week. He really is destroying the free market and middle class.

>> No.54018667

>>54018587
>How fucked am I?
Just get a new job???
Wagie cant even figure this one out

>> No.54018698
File: 1.93 MB, 400x300, 1602728594441.gif [View same] [iqdb] [saucenao] [google]
54018698

>>54008515
lol

>> No.54018772

>>54008515
A lot of people trying to act like the us government won't print infinity dollars to maintain fdic insurance.

>> No.54018778
File: 6 KB, 185x272, 1678136128975640.jpg [View same] [iqdb] [saucenao] [google]
54018778

Thanks for heads up just moved my bank account to tether. They are much safer.

>> No.54018858

>>54018667
>PE client just cancelled our meeting today "due to current events"
guess I should just throw my "looking for work" flag up on linkedin and brush up my resume at this point

>> No.54018861

>>54015589
Heh

>> No.54018926

What was the banking industry short etf?

>> No.54018942
File: 40 KB, 526x701, 1664410762046355.jpg [View same] [iqdb] [saucenao] [google]
54018942

>>54008543
I'm thinking it was the threat of more interest rate increases causing investor panic. Silicon valley's wealth purely exists from cheap debt. They need it to fuel their ridiculous projects, lavish headquarters and diversity hiring. Signaling further rate increases caused many to pull out investments this week, leading to this spiral.

>> No.54018954
File: 159 KB, 828x603, 4419011A-B697-4192-8959-F70BCFAB185E.jpg [View same] [iqdb] [saucenao] [google]
54018954

>>54018926

>> No.54018969

>>54018858
Yes.

>> No.54018972

>>54008459
Priced in. Its all gay and boring nothingburgers from here on out till we all die a horrible death from the thermonuclear exchange

>> No.54018988

>>54018942

You can just look at tech companies financial statements and see why they're so wealthy. Cashflow generation is insane.

The shit that is overvalued are the unproven growth stocks yet to hit that point.

>> No.54019053

>>54018988
Yeah it's a venture capital bank failing, overextended during the tech boom in 2021 and it's now paying the price. Didn't realize big tech stocks had such good cash flow desu, how do they make their money? Ads and selling people's data?

>> No.54019306

>>54018026
two more weeks, i can feel it this time

>> No.54019388

>>54019053

>Didn't realize big tech stocks had such good cash flow desu, how do they make their money? Ads and selling people's data?

Huh are you serious? Bro you need to read up on some basic of basics..

Tech scales insanely. To put it simply:

Company A sells oil:
A barrel of oil may gross for $80 but it has $40 of input cost for each marginal unit.

Company B sells software:
Each license of software sells for $100 at a marginal cost of essentially $0

>> No.54019408
File: 2.84 MB, 1440x810, 1648499310216834.webm [View same] [iqdb] [saucenao] [google]
54019408

>>54008515
>the FDIC insures your bank account up to 250,000USD

>> No.54019466
File: 398 KB, 589x516, file.png [View same] [iqdb] [saucenao] [google]
54019466

does he have a point?

>> No.54019488
File: 2.95 MB, 640x640, 1654128793809.gif [View same] [iqdb] [saucenao] [google]
54019488

>>54008459
Thanks, just deposited 10k to my bank

>> No.54019601

>>54008882
FDIC coverage is a non issue for the average american because if there was a run on pleb consumer banks the gov/fed would just bail out the bank. Then everyone loses because of inflation, but there you go

>> No.54019632

>>54019466
yeah anything still sucking the "silicon valley" cock is going to be a flaming shitpile

>> No.54019655

>>54008515
by the time you get your money out its worthless

>> No.54019904
File: 504 KB, 695x1252, B7FD7489-E7C7-4C44-B2FA-0C454E7F7D3A.jpg [View same] [iqdb] [saucenao] [google]
54019904

>> No.54019981

>>54008550
Take all the money out and buy magic the gathering cards. It's the only safe investment

>> No.54020076
File: 7 KB, 200x251, blacklotus.jpg [View same] [iqdb] [saucenao] [google]
54020076

>>54019981
Based.

>> No.54020226

>>54019981
what about pokemon cards?

>> No.54020225
File: 37 KB, 900x600, biggest-us-banks-by-deposits-thumb[1].png [View same] [iqdb] [saucenao] [google]
54020225

>>54008515
FDIC can't cover everyone's deposit if the entire banking system melts down
pic related, hurr just go into debt of additional 100% of US GDP

>> No.54020386

>>54019904
ok but the important question is what % are owned by tribe members

>> No.54020525
File: 112 KB, 1732x290, Screenshot from 2023-03-10 15-12-10.png [View same] [iqdb] [saucenao] [google]
54020525

I just buyed an oz of gold

>> No.54020582

banking apps are sending out calming notifications now lol, this better just be doomer meme psyop because otherwise I'm fucked

>> No.54020609
File: 704 KB, 1080x2117, 1937 gold maple.jpg [View same] [iqdb] [saucenao] [google]
54020609

>>54020525
>overpaying for your PM

>> No.54020618

>>54008501
Those shitcoins are going to zero.

>> No.54020634

>>54020582
You are fucked simply because you believe everything is a maymay psyop. Good luck to ya bro.

>> No.54020769

>>54020525
>Canadian gold
5$ says it's not actually gold all the way through

>> No.54020777

>>54020582
nothing ever happens, you're safe fren

>> No.54020815

>>54010901
You're a fucking retard who denies that anti-racists leaning to blacks didn't cause the 2008 financial crisis. Keep your mouth shut.

>> No.54020915

>>54009795
You haven't been through it nigger
It is the same strategy in motion
Same playbook
Just look back how US changed from 2001 to 2023
Mmw As soon as there is a third party introduced in the US run for the exit a fucking sap

>> No.54020918

>>54020777
Hmm

>> No.54020923

>>54020815
Learn english retarded polnigger

>> No.54021014

>>54020225
Meh they’ll just selectively liquidate pensions before they wipe deposits.

>> No.54021198
File: 31 KB, 603x373, JasonCal.jpg [View same] [iqdb] [saucenao] [google]
54021198

Jason Calcanis is live right now! He is trying to fucking protect founders! You need to support him!

>> No.54021222

>>54020923
I told you to keep your fucking mouth shut. You're not intelligent. You're not mr.reasonable in the a crowd. You're a stupid coward hiding behind a computer. You know you have nothing worthwhile to contribute yet you still decided to give us your hot take, which is absolutely wrong. But your pathetic ego couldn't help it huh? I see this behavior too much by tourists.

Frankly, from your garbage mentality, I can already tell you are a coward, a centrists whose predictions are always wrong.

>> No.54021236

>>54020609
I forgot to check sdbullion

>>54020769
kek if only they hadn't let some dumb nigger redesign the eagle I would have bought that
I like pre-1933 gold but it's more expensive

>> No.54021296

>>54009591
>Not even during the chaos of 2008
>He thinks this event is somehow separate from the 2008 crisis and not directly caused by it
NGMI

>> No.54021304

>>54008459
for a brainlet like me, what the fuck happened to all banks?
what are the consequences of this? should I get all my savings from my bank account? I have around 80k atm

>> No.54021306

>>54020915
>a third party introduced in the US
What would that look like? Isn't the third party already here pulling the strings since forever?

>> No.54021403

>>54021304
You know when you see a flock of birds flying around at random, but staying together as one unit? It's kind of like that. For the exact timing of it all there doesn't have to be some grand cause and effect. The cause is because stocks are overinflated like dollars so people have to shift around to preserve their wealth.

>> No.54021452

>>54008600
Good point! This could be their strategy to force ppl on CBDCs.

>> No.54021463
File: 12 KB, 260x203, 1672613609869443.jpg [View same] [iqdb] [saucenao] [google]
54021463

>>54008600
fuck. FUCK FUCK FUCK FUCK FUCK FUCK

>> No.54021485

>>54021306
Basically follows the soviet controlled demolition from one communist party to more smaller infighting parties unable to steer a national strategy
More or less, south africanization of politics. The weaker the state the more parties they have.
On the contrary, when globohomo attempts to strengthen the country they are ruled without attrition by one party - China, Iran
Or another example uplifting Germany from Weimar to Reich

>> No.54021537
File: 471 KB, 781x1317, 1670103236864969.jpg [View same] [iqdb] [saucenao] [google]
54021537

>>54008600
Omfg delet this

>> No.54021924

>>54020915
>exit
to where?

>> No.54022030

ummm is fidelity a little safer than banks right now?
I'm sure ally will fold so I need to get my money out of there ASAP, but I don't have another bank account and I don't even know of any bank that I could trust anyway. I can buy gold in small chunks over the next few weeks, but I need somewhere to park my money in the meantime.

>> No.54022058

I remember seeing it posted here a few years ago. Anyone have that link?

>> No.54022126

>>54022058
There was a website posted that hand all banks and their “health” score

Who has the link?

>> No.54022152

>>54020386
What about 2.7% you don't understand

>> No.54022170

>>54014287
you have roughly a year's income for an unpaid illegal mexican immigrant working as a janitor as liquidity, that's why

>> No.54022451

>>54011691
Where do you see this? In your fantasies?

>> No.54022458

>>54016038
These ai merchants are getting too good

>> No.54022602
File: 6 KB, 208x242, images (18).jpg [View same] [iqdb] [saucenao] [google]
54022602

Calm Down

>> No.54022888

>>54021222
Shut the fuck up polcel nigger, you are an absolute midwit.

>> No.54023267

>>54008527
Lmao more fear mongering retarded bullshit see you in a month when nothing happens as usual.

>> No.54023270
File: 99 KB, 555x1200, Fq36L1kWwAkLPPa.jpg [View same] [iqdb] [saucenao] [google]
54023270

>>54021222
>222
tech bros, not like this...

>> No.54023332

>>54022888
Why is it they are always wrong? I remember when /new/ and old/lol/ was intelligent now it's filled with utter fucking retards who say the most retarded shit and won't stfu on other boards with there retarded garbage. Oh and the tranny shit just none stop fucking tranny shit.

>> No.54023557

>>54012803
>250k will be worth in a couple of years what 250 dollars is worth now
Shouldn't you just debtmaxx if this is going to happen?

>> No.54023580

This whole thread is convincing me that fractional reserve lending is a bad fucking idea.

>> No.54023611

>>54008515
>3rd post stating globalist lies again

Man this place is overrun.

>> No.54023701

>>54009532
I'm a gove and am in NFCU. I think they're based and they have good rates on CDs and so on. Also they have high limit credit cards

>> No.54023707

>>54023267
>"they'll never lock down New York Fuck you!
Not saying you're wrong, but don't be that guy. Stay safe.

>> No.54023730

>>54023270
be right back, going to buy flour and sugar

>> No.54023743

>>54008459
It won't be domino effect right? R-Right?

>> No.54023748

>>54008600
Checked. You did buy silver for this very reason, didn't you anon?

>> No.54023861

Looks like JEPI didn’t go down much. Who’s collateralizing JEPI derivatives? I know you guys love that stuff.

>> No.54024249

>>54023270
In Venezuela people bought appliances and cars as stores of value

>> No.54025750
File: 244 KB, 720x753, B61B2248-939F-4AF4-855D-BE9329AD8612.png [View same] [iqdb] [saucenao] [google]
54025750

They better not bail them out

>> No.54026098

Hi /biz/, /pol/tard here.
Is this just the standard happeningfag bullshit of "the sky is falling" or is there serious shit about to go down?

>> No.54026268

>>54008527
They ended up being the bagholders in the Greensill saga.
As i recall it they were running some kind of insurance scheme, where they would sell insurance against loses and miserably failed to accurately asses how risky what they insured was.

>> No.54026760

>>54012803
New debt may be inflationary, but existing debt is certainly not.
Which begs the question, why did we not have massive inflation for the last twenty years? with all the new debt that has been issued in that time periode.
It's certainly an option that there already was strong deflationary forces in place to counteract it (increasing productivity domestic and abroad, higher usage of cheap labour abroad etc.).

>> No.54027085
File: 22 KB, 220x285, Ponzi1920.jpg [View same] [iqdb] [saucenao] [google]
54027085

>>54018772
Printing 75 to 120 trillion $ in less then a year, will do Nothing to your bottom line. It safe in this fire!

>> No.54027111

>>54026098
i want to say this is pretty serious, but honestly i thought the pandemic crash was the end so what the hell do i know.

>> No.54027163

>>54008809
If it's not on the list then is owned by one of them

>> No.54027186
File: 744 KB, 721x546, 1655867054954.png [View same] [iqdb] [saucenao] [google]
54027186

>>54008600
jesus christ

>> No.54027201

>>54008515
You cannot be this stupid.

>> No.54027301

>>54008535
CoinBureau said keep yer money in a small bank. Maybe a Credit Union? They might give you some CBDC or some shit if they're ready with it and you get bailed in.

>> No.54027338

>>54008515
okay so if the banks get bailed out, the government has to print all that money causing extreme inflation

>> No.54027491

>>54019904
>Jim Cramer
Every fucking time.

>> No.54027823

>>54008459
Why? They're federally insured.

>> No.54027954
File: 2.03 MB, 320x240, omg.gif [View same] [iqdb] [saucenao] [google]
54027954

>>54008600

>> No.54028010

>>54008515
Fdic only has enough to cover 8% of people's deposits look it up

>> No.54028030

>>54008459
>bank is literally named ZION

>> No.54028054

>>54008515
look at their balance sheet and think about what you just typed

>> No.54028058

>>54008527
Look at all the bank shills replying please don't take your money out and buy something of actual value like guns gold non-perishable food etc let us keep it totally safe you can have it when it's not worth the paper it's printed on

>> No.54028082

>>54008567
So is hate speech kike there are no laws where we are going

>> No.54028084
File: 20 KB, 310x310, perfectConsumer.jpg [View same] [iqdb] [saucenao] [google]
54028084

>>54008459
FED will bail them out after 23rd of march after the fed blackout period

>> No.54028107

>>54008806
>IT'S COVERED... BECAUSE IT JUST IS, OK

>> No.54028109
File: 950 KB, 1024x1024, 1654687427596004.png [View same] [iqdb] [saucenao] [google]
54028109

>>54008459
America is collapsing

>> No.54028129

>>54009763
but in this case, it already happened
there is no liquidity to service all deposits

>> No.54028149

>thinking ive got any money in banks
LMAO I'm fucking broke

>> No.54028313

>>54011616
Kek
All the money was printed under Trump.
It takes awhile to filter through.
Look at the actual money chart.

>> No.54028577

>>54008459
Are leaf banks going to be ok?

>> No.54028755

>>54028149
you can thank central banks for that

>> No.54028809

>>54008515
That’s it? What a fuckin joke.

>> No.54028840

>>54008806
Shalom

>> No.54028915
File: 39 KB, 576x576, 4F0BD2A8-C823-473B-9EE5-6C1CFE48A9DD.jpg [View same] [iqdb] [saucenao] [google]
54028915

>>54008600

>> No.54029036

>>54026760
>why did we not have massive inflation for the last twenty years
We have it's just in buckets that aren't measured and we pushed a lot of it overseas in the form of bonds

>> No.54029068

>>54008515
>>54008524
>>54008554
>congratulations

>Congratulations Goyim #8929241
>We have won the Class Action Settlement
>We are collection 70 million in legal fees
>give us photocopies of your drivers license, passport, birth certificate, fingerprints, anal print, iris scan, and your first borns foreskin to verify your eligibility to claim your share of the Class Action lawsuit
>after verification you will receive a check by mail in the amount of $20.00

>> No.54029096
File: 27 KB, 1883x549, Capture.png [View same] [iqdb] [saucenao] [google]
54029096

>>54008825

>> No.54029099

>>54008550
Emergency OnlyFans account and bop that bussy

>> No.54029334

>>54028313
You're probably describing the chart of M1 or liquid money, which changed its definition in May 2020 to include savings accounts and turned it into a hockey stick shape.
The graph is still very ugly, I'm just calling out the change made it look extreme.
Money was printed continuously by the fed until they started slowing the rate of QE. The actually scary part is that the president doesn't authorize any of that, only the federal spending which PALES in comparison to the bonds the Fed bought with the printed money.

>> No.54029567

>crypto exchanges are safer than banks
>crypto exchanges actually have 1:1 reserves
When did you realize that crypto is unironically more legitimate than centralized banking?

>> No.54029619

>>54011386
Trump pushed to have money given directly to citizens and dems kept adding spending packages like quite literally billions of dollars for ‘women’s education in Pakistan’ you lying kike faggot

>> No.54030406

>>54020777
Boo

>> No.54030855

People on HN are now saying First Republic Bank, also in Bay Area, is the next bank to fail, and their asset mix according to their last quarter filing is even more vulnerable to rapid interest rate hikes than SVB's.

>> No.54031293

>>54008459
jokes on you i got all my money with a major european bank and im waiting for the stockmarket to drop atleast 50% more from here on out and then go full degen on smallcap gold development mining stocks. easy game. enjoy getting fucked retarded spastiks

>> No.54031340

>>54014266
kek underrated
>>54008600
Thanks for calling the next psyop, I now have time to mentally prepare for this inevitable reality.

>> No.54031403

Move to AXOS. Not a shitcoin. A bank. A based one. Look it up. They will be sheltered.